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Optionsmärkte und Risikoallokation : eine computergestützte Analyse
Kaserer, Christoph - 1993
Persistent link: https://www.econbiz.de/10000865441
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Social welfare and individual preferences under uncertainty : a questionnaire-experimental approach
Amiel, Yoram; Cowell, Frank A. - In: Inequality and poverty : papers from the Society for …, (pp. 345-362). 2007
Persistent link: https://www.econbiz.de/10003501507
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On the characterization and economic evaluation of income mobility as a process of distributional change
Allanson, Paul - In: Journal of economic inequality 10 (2012) 4, pp. 505-528
Persistent link: https://www.econbiz.de/10009709677
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Welfare implications of power rationing : an application to Germany
Wenzel, Lars; Wolf, André - 2014
This study analyzes the economic consequences of power rationing at the level of German counties. Based on a common production function approach, it estimates the costs of power outages for firms and households in all counties and uses these estimates to derive hypothetical rationing plans for...
Persistent link: https://www.econbiz.de/10010247437
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Social security and the interactions between aggregate and idiosyncratic risk
Harenberg, Daniel; Ludwig, Alexander - 2014 - This version: March 20, 2014
We ask whether a PAYG-financed social security system is welfare improving in an economy with idiosyncratic and aggregate risk. We argue that interactions between the two risks are important for this question. One is a direct interaction in the form of a countercyclical variance of idiosyncratic...
Persistent link: https://www.econbiz.de/10010359333
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Social security and the interactions between aggregate and idiosyncratic risk
Harenberg, Daniel; Ludwig, Alexander - 2014 - This Version: July 9, 2014
We ask whether a PAYG-financed social security system is welfare improving in an economy with idiosyncratic and aggregate risk. We argue that interactions between the two risks are important for this question. One is a direct interaction in the form of a countercyclical variance of idiosyncratic...
Persistent link: https://www.econbiz.de/10010374428
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Social Security and the Interactions between Aggregate and Idiosyncratic Risk
Harenberg, Daniel - 2014
We ask whether a PAYG-financed social security system is welfare improving in an economy with idiosyncratic and aggregate risk. We argue that interactions between the two risks are important for this question. One is a direct interaction in the form of a countercyclical variance of idiosyncratic...
Persistent link: https://www.econbiz.de/10013056438
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Social Security and the Interactions between Aggregate and Idiosyncratic Risk
Harenberg, Daniel - 2014
We ask whether a PAYG-financed social security system is welfare improving in an economy with idiosyncratic and aggregate risk. We argue that interactions between the two risks are important for this question. One is a direct interaction in the form of a countercyclical variance of idiosyncratic...
Persistent link: https://www.econbiz.de/10013056696
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An empirical characterization of volatility dynamics in the DAX
Virla, Leonardo Quero - 2021
This paper addresses stock market volatility in Germany between 1991 and 2018. Through a GARCH model with leverage term …, an estimation of volatility in the DAX is provided. Such estimation is then plugged into a quantile regression model … where potential economic determinants are analyzed. The results suggest that stock market volatility in Germany reached its …
Persistent link: https://www.econbiz.de/10012629944
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Value-at-risk and expected shortfall when there is long range dependence
Härdle, Wolfgang (contributor); Mungo, Julius (contributor) - 2008
characterized by volatility clustering and asymmetry. Also revealed as a stylized fact is Long memory or long range dependence in … market volatility, with significant impact on pricing and forecasting of market volatility. The implication is that models … that accomodate long memory hold the promise of improved long-run volatility forecast as well as accurate pricing of long …
Persistent link: https://www.econbiz.de/10003636008